Juventus Tokens Players: Ronaldo will have His Own Cryptocurrency

Cards will be compatible with the Blockchain-based application that connects sports fans for trading in the secondary market and participating in virtual tournaments with prizes in various cryptocurrencies.

Sports Clubs Turning to Cryptocurrency

In December, Juventus announced the launch of its own cryptocurrency JUV. For this, the Italian team entered into a partnership with startup Socios. The token is sold in the application of the blockchain project. With the help of altcoin, fans can participate in the club and receive a reward for this.

Also, Barcelona Football Club, in collaboration with blockchain startup Chiliz, has released its digital BAR token. Fans of the team will be able to use it to participate in her life, exchange it for collectible goods and take surveys. Fans of the team will be able to take part in her life with the help of the BAR token, it will become available for purchase in the second quarter of this year.

Furthermore, the two-time Dota 2 champion will have his own cryptocurrency.  One blockchain startup plans to create digital collectible tokens for its partners, including the OG team, two-time Dota 2 champion, and football clubs Juventus, Paris Saint-Germain, Galatasaray and others. Collectible tokens will be developed on the Ethereum blockchain and will comply with the ERC-1155 standard.

Additionally, tickets for the European Football Championship will be sold on the blockchain. UEFA will issue Ethereum-based tickets for the 2020 European Football Championship. For this, the organization entered into a partnership with one of the leading cryptocurrency wallets in the world.

Other sports teams participating in blockchain and cryptocurrencies Miami Dolphins, Benfica, West Ham, Liverpool, Tottenham, AS Roma, Gibraltar semi-professional team, and many others.